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Vodafone entered the fray on January 7 with a bid of round $fifty five billion, or $89 per share. Negotiations continued for the next a number of days till, on January 15, Vodafone agreed to pay $ninety seven per share, for a complete of $62 billion. That value was 33% greater than Bell Atlantic’s unique supply and forty three% more than AirTouch’s share price before the first rumors of Bell Atlantic’s supply had surfaced. Related Post: have a peek at this site Implicit in the bid4papers review deal was the truth that for its shareholders to break even, Vodafone must find price financial savings and revenue mills value at the least $20 billion. Yet the market appreciated this deal very much. Throughout the course of this bidding war, Vodafone’s stock price really elevated some 14%.
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